Cassidy Announces HUD Guidance For $1.2 Billion In Mitigation Funds
WASHINGTON– U.S. Senator Bill Cassidy announced today that the Department of Housing and Urban Development (HUD) has published regulatory guidance for how Louisiana can use its $1.2 billion in flood mitigation funds. It marks the next step toward releasing funds to improve resiliency in Louisiana.
Cassidy took a leading role in securing these funds as part of the Bipartisan Budget Act of 2018.
“Today’s guidance from HUD is long overdue. Our congressional delegation prioritized securing these funds to reduce flood risk and lower flood insurance premiums,” said Dr. Cassidy.
The next step is for Gov. John Bel Edwards to submit an action plan to HUD on how the funds will be used. Cassidy is continuing to seek input from affected communities on how these funds should be implemented.